Fixed Maturity Securities In An Unrealized Loss Position (Tables)

9 Months Ended

Sep. 30, 2022

Investments, Debt and Equity Securities [Abstract]

Securities in an unrealized loss position

The following tables summarize all fixed maturity securities in an unrealized loss position at September 30, 2022 and December 31, 2021 by the length of time those securities have been continuously in an unrealized loss position:

	Less Than 12 Months				12 Months or Greater				Total
(In thousands)	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
September 30, 2022
U.S. government and government agency	$	578,877	$	63,917	$	75,024	$	4,890	$	653,901	$	68,807
State and municipal	2,158,379		139,486		268,007		45,134		2,426,386		184,620
Mortgage-backed	1,260,172		117,781		278,990		62,897		1,539,162		180,678
Asset-backed	2,416,683		97,758		1,595,161		63,716		4,011,844		161,474
Corporate	4,933,243		314,122		1,126,858		159,576		6,060,101		473,698
Foreign government	996,723		80,329		359,283		68,358		1,356,006		148,687
Fixed maturity securities	$	12,344,077	$	813,393	$	3,703,323	$	404,571	$	16,047,400	$	1,217,964
December 31, 2021
U.S. government and government agency	$	487,712	$	4,026	$	17,021	$	268	$	504,733	$	4,294
State and municipal	502,333		7,403		29,547		2,156		531,880		9,559
Mortgage-backed	558,751		6,900		106,130		4,762		664,881		11,662
Asset-backed	3,832,944		18,503		75,385		291		3,908,329		18,794
Corporate	2,582,860		29,322		51,095		3,088		2,633,955		32,410
Foreign government	758,975		15,793		82,057		31,701		841,032		47,494
Fixed maturity securities	$	8,723,575	$	81,947	$	361,235	$	42,266	$	9,084,810	$	124,213

Non-Investment Grade Fixed Maturity Securities

A summary of the Company’s non-investment grade fixed maturity securities that were in an unrealized loss position at September 30, 2022 is presented in the table below:

($ in thousands)	Number of Securities	Aggregate Fair Value		Gross Unrealized Loss
Foreign government	38	$	116,869	$	58,770
Corporate	12	46,657		6,277
State and municipal	1	11,582		3,421
Mortgage-backed	11	3,398		229
Asset-backed	2	38		20
Total	64	$	178,544	$	68,717